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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-jelle-shares-insights-on-inj-and-bitcoin/" data-wpel-link="internal">Analyst Jelle Shares Insights on INJ and Bitcoin</a><br></p>
<p style="text-align: justify"><strong>Cryptocurrency</strong> world will experience a week full of <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a> from the US. Before that, analysts continue to provide evaluations. Analyst Jelle shared his views on the current state of the cryptocurrency markets by focusing on two main assets. The cryptocurrencies analyzed are INJ and <a href="https://en.coin-turk.com/bitcoin-price-faces-key-resistance-levels/" data-wpel-link="internal">Bitcoin</a> (BTC). Jelle’s analysis is based on technical indicators and the anticipation of market-moving events like the Federal Open Market Committee (FOMC) meeting.</p> 
<h2 style="text-align: justify" id="jelle-s-inj-commentary">Jelle’s INJ Commentary</h2> 
<p style="text-align: justify">Jelle first addresses <strong>INJ</strong> and notes that the cryptocurrency has recently turned the 50-day Exponential Moving Average (EMA) into a support level. This is significant as it indicates a potential shift from a bearish to a bullish trend.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-361578 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/analist.png" alt="" width="574" height="589"></p> 
<p style="text-align: justify">INJ also broke its downtrend and confirmed a trend line as support, contributing to its bullish outlook. Despite these positive signs, INJ is still consolidating just below a significant resistance level. Jelle suggests that breaking this resistance level to $32 could signal further bullish momentum and potentially lead another leg of the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> cycle.</p> 
<h2 style="text-align: justify" id="volatility-approaches-for-bitcoin">Volatility Approaches for Bitcoin</h2> 
<p style="text-align: justify">Moving on to Bitcoin, Jelle notes that <strong>BTC</strong> is in the process of reclaiming its lower time frame trend. He expects some price volatility or “swings” later in the day. He advises market participants to be patient and to anticipate potential significant price movements, especially considering the FOMC event.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-361581 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/btc-6.png" alt="" width="571" height="573"></p> 
<p style="text-align: justify">Jelle points out that the last four <strong>FOMC</strong> meetings have marked local bottoms for Bitcoin and triggered rallies exceeding 20%. This historical pattern suggests that today’s FOMC meeting could once again have a positive impact on the market.</p> 
<h2 style="text-align: justify" id="btc-could-be-on-the-verge-of-a-significant-increase">BTC Could Be on the Verge of a Significant Increase</h2> 
<p style="text-align: justify">Jelle emphasizes that the cryptocurrency Bitcoin has successfully retested its trend line and the 50-day EMA. This retest, combined with a 100-day consolidation period, indicates that Bitcoin is becoming increasingly ready for a significant price increase. The upcoming FOMC meeting could provide the necessary momentum for Bitcoin to enter a price discovery phase.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-361582 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/bitcoin.png" alt="" width="556" height="772"></p> 
<p style="text-align: justify">At the time of writing, the flagship cryptocurrency Bitcoin is trading at $67,416.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-jelle-shares-insights-on-inj-and-bitcoin/" data-wpel-link="internal">Analyst Jelle Shares Insights on INJ and Bitcoin</a></h5>

Analyst Jelle Shares Insights on INJ and Bitcoin

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